Beard Energy Transition Acquisition in a proxy filing called a Feb. 1 meeting for shareholders to vote on a plan to extend the merger deadline as far back as February 2024, which would be 27 months after the SPAC’s IPO.
If approved, the sponsor would sweeten the trust with about $2.3 million (10 cents a share).
Beard Energy raised $200 million in its November 2021 IPO to focus on companies engaged in clean tech and renewable energy. Read more.
Source: Beard Energy Transition Acquisition Sets Vote Date Next Month for Deadline Extension Proposal